19 Jan 2015
GBP/USD wavers around 1.5150
FXStreet (Córdoba) - GBP/USD trades erratically in a range on Monday, unable to determine a short-term direction as investors remain sidelined while assessing recent events.
In the absence of first-tier data, GBP/USD has spent the day sideways, having dipped to a session low of 1.5117 and bounced, but the 100-hour SMA halted the recovery at the 1.5180 zone. The pair has steadied around 1.5150 during the last hours, where it is little changed on the day.
GBP/USD short-term levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.5179 (100-hour SMA), 1.5200 (psychological level) and 1.5233 (Jan 16 high). On the other hand, supports are seen at 1.5112 (daily low), 1.5075 (Jan 16 low) and 1.5033 (18-month low Jan 8).
In the absence of first-tier data, GBP/USD has spent the day sideways, having dipped to a session low of 1.5117 and bounced, but the 100-hour SMA halted the recovery at the 1.5180 zone. The pair has steadied around 1.5150 during the last hours, where it is little changed on the day.
GBP/USD short-term levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.5179 (100-hour SMA), 1.5200 (psychological level) and 1.5233 (Jan 16 high). On the other hand, supports are seen at 1.5112 (daily low), 1.5075 (Jan 16 low) and 1.5033 (18-month low Jan 8).